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20110729
20110729
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morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that senate democrats say is dead on arrival, though, as they move ahead with their own debt limit bill setting up a showdown vote really for this weekend. ahead of that host of your world, neil cavuto, is live on capitol hill with his observations about what's happening down there in d.c., neil. first of a
. will this break the log jam though? let's bring in abc's jon karl for the latest. >> reporter: the house just approved john boehner's bill to raise the debt ceiling. it was a narrow party line vote. he won only after giving into the demands of a handful of conservatives who forced him to make changes that assured the bill's defeat in the senate for speaker boehner, a painful victory. >> i stuck my neck out a mile to try to get an agreement with the president of the united states. i stuck my neck out a mile. a lot of people can never say yes. this house has acted. it is time for the administration and time for our colleague colleagues across the aisle, put something on the table. tell us where you are. >> reporter: he never got that agreement with the president and instead had to put pressure on tea partiers to support his bill. hours of meetings all over the capitol to tell them to get your ass in line. late last night, one of them emerged shaken but not budging. >> how much pressure on you to change your mind on that? >> i am very pleasantly surprised that they are not twisting and ripping a
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Search Results 0 to 4 of about 5 (some duplicates have been removed)

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